“The main culprit is the fact that the oil and gas industry itself is not improving in Alberta. Many of our other industries: construction, finance, are very closely related to the oil and gas industry,” said Anupam Das, associate professor of economics at Mount Royal University. Other cities with oil and gas as key industries are struggling. St. John’s, N.L., has the second-highest unemployment rate in the country. Things actually got worse for them in May, where the unemployment rate hit 8.5 per cent, up from 8.3 per cent in April. Saskatoon, another oil and gas hub, has the third-worst unemployment rate in the country. They hit 8.3 per cent in May, up from 7.8 per cent in April. For Calgary, though, there are some small positive signs.
For the original version including any supplementary images or video, visit http://calgaryherald.com/news/local-news/woe-is-calgary-unemployment-rate-remains-the-worst-in-canada
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